All Forum Posts by: Niyi Adewole

Good morning Everyone, I'm signing up for buildium this upcoming weekend, would someone please message me their buildium referral code? We will both get $50.

@nosaeguae

Michael Karl I haven't, but I will now! Thanks for the advice

@Jay Leisten I'm relatively new to the area and have been looking to join a real estate group. Where do you meet up at? 

Hi Tamara, $4000 is a considerable amount of earnest money. I have my first tri-plex under contract, and I put down $1,500 for a $188,000 property. (Granted I'm using an FHA loan and will be house-hacking this) Best, Niyi

Good Evening Everyone, I am closing on my first tri-plex early next month, and i am looking for a way to pass the water/sewage cost to the tenants. I called a few sub-metering companies, and the best price i recieved was a one time charge of $1500 to install the 3 meters, and a monthly reoccurring charge of $50 to read the meters each month. 
The $50 per month would be passed to the tenants, but my question is; is sub-metering worth the cost? Or would you simply charge a flat fee each month for water/sewage? (Gas and electric is already separately metered) Any and all advice is welcome

Good Evening Everyone,

I am closing on my first tri-plex early next month, and i am looking for a way to pass the water/sewage cost to the tenants. I called a few sub-metering companies, and the best price i recieved was $1500 for the 3 meters, and a charge of $50 per month to read the meters. 

The $50 per month would be passed to the tenants, but my question is, is submetering water/sewer worth $1500?

Jim Wilcox thank you Jim. I'm going to call my attorney tomorrow to confirm the LLC portion.

@KK A. Will do, thank you for the insight. 

Tenant damaged carpet in one of the units, that has solid pine hardwood underneath. As soon as this tenants lease is up, I plan to rip the carpet up, sand the wood to raise a little more value.